Section 41, 42, 43 and 44 of Banning of Unregulated Deposit Schemes Act 2019

Section 41. Act not to apply certain deposits

The provisions of this Act shall not apply to deposits taken in the ordinary course of business.

Section 42. Amendment to certain enactments

The enactments specified in the Second Schedule shall be amended in the manner specified therein.

Section 43. Power to remove difficulties

(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act, as may appear to it to be necessary for removing the difficulty:

Provided that no such order shall be made under this section after the expiry of three years from the commencement of this Act.

(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.

Section 44. Repeal and saving

(1) The Banning of Unregulated Deposit Schemes Ordinance, 2019, is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance, shall be deemed to have been done or taken under this Act.